SC asks Unitech to deposit Rs 750 crore by December-end

Supreme Court asks different forums to refrain from taking any coercive step against Unitech managing director Sanjay Chandra on any complaint that may be filed by the flat buyers.

indiaUpdated: Oct 30, 2017 17:48 IST

Indo Asian News Service Indo Asian News Service, New Delhi

The Supreme Court directed the Tihar Jail authorities to provide him video conferencing facilities to interact with people outside to raise the amount.(Sonu Mehta/HT File Photo)

The Supreme Court on Monday asked realty major Unitech managing director Sanjay Chandra to deposit Rs 750 crore by December-end and directed the Tihar Jail authorities to provide him video conferencing facilities to interact with people outside to raise the amount.

The bench of Chief Justice Dipak Misra, Justice AM Khanwiljar and Justice DY Chandrachud said that the jail authorities would permit Unitech officials and Sanjay Chandra’s lawyers to visit him in the jail for facilitating the raising of this money.

The top court asked Unitech to deposit Rs 750 crore as amicus curiae Pawanshree Agrawal told the court that the firm would require Rs 2,000 crore to refund the investors and the flat buyers’ money.

The top court also asked different forums to refrain from taking any coercive step against Chandra on any complaint that may be filed by the flat buyers.